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lawyer [7]
3 years ago
15

Madison wants to open a restaurant and plans to employ a staff of about 10 people, including wait staff and cooks. what type of

organization is madison planning to create? centralized specialized narrow flat departmentalized
Business
1 answer:
Arada [10]3 years ago
8 0
The fact that Madison wants to open a restaurant and plans to employ a staff of about 10 people, including wait staff and cooks means that Madison is planning to create a flat type of organization. The units and positions within the flat organization are flat distributed, which means there are <span>few or no levels of middle management between staff and executives.</span>
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Answer:

1st     46,398.83

2nd    49,646.74

3rd      53,122.02

4th      56,840.56

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Explanation:

given a growing annuity we have to solve for the installement

FV = \frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}

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grow rate 0.07

interest rate 0.14

n = time     5

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C = 46398.8284

Now, to determiante the subsequent payment we multiply by the grow rate of 1.07

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Hope this helps!

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